Mining stocks moved to their Thursday low (which at the same time is the same low that miners reached in June 2013) on Friday and closed $0.03 above it. On one hand, a strong support could be something that triggers a big comeback, but on the other hand, miners are once again underperforming gold and have refused to rally on dollar's weakness, which is a bearish indication.

In other news, on Saturday ECB Executive Board member Benoit Coeure said: "Low inflation means the European Central Bank plans to keep interest rates at current low levels or may even cut them further." In today's Market Alert we discuss the implications of the above comment for the Euro Index, the USD Index, and most of all, the precious metals sector. We discuss the long- and short-term implications.

What's likely to happen next and most importantly how should gold and silver investors position themselves? Read today's Market Alert for details.

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Today's Premium Update can be called Golden Update as we put great emphasis on the yellow metal. A lot happened this week, and we had a lot to say. There are 7 charts dedicated to gold alone, each contributing to the short- and medium-term outlook. Don’t miss it!

• Gold declines on huge volume - with huge implications
• Silver reaches the major support line - is this enough to end the current decline?
• HUI Index declines heavily once again underperforming gold
• Correlations between the USD Index and the precious metals sector are holding to their default values
• Correlations between the general stock market and precious metals are close to 0, but there is a different link between these 2 markets
• Future Fed chairman reveals inclination to inflationary policies.

Click here to get access now.

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In yesterday's message, we encouraged you to profit on gold's and silver's plunge - we hope you have, as both metals declined quite significantly. Silver moved very close to levels outlined in yesterday's free essay.

Yesterday's decline in precious metals and in the stock market (and the rally in the USD Index) is widely attributed to the comments from the Fed - namely, the idea that the central bank could begin to scale back its stimulus program at one of its next few meetings.

However, yesterday the most valuable information came neither from the price itself nor from the Fed, but from the size of the volume. Both the GLD and SLV ETFs plunged on huge volume, which can tell us a lot about the outlook for the next several days for the precious metals sector. This is one of the major factors that we discuss in today's Market Alert.

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Market Alert #2 sent on November 20th, 2013

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Yesterday we wrote the following about the currency markets:

"The Euro Index corrected half of the October - November decline and then pulled back down once again. The USD Index moved very close to our target level that we mentioned yesterday (80.50, while the USD moved to 80.60). That's close enough for us to assume that the local bottom in the USD Index might be already in."

The Euro Index closed very close to Monday's intra-day high and the USD Index closed slightly lower. Did gold and silver rally as one would expect them to? No, they even closed slightly lower. Miners were basically flat.

Things don't look good for the gold market, but there's no reason for this not to look good for you. In today's Market Alert we explain how gold, silver and mining stocks traders can turn this difficult situation into profits.

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